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☆ Driver of truck involved in Florida bus crash that killed 8 farm workers arrested
▼ + stars: | 2024-05-14 | by ( Rebekah Riess | Dakin Andone | ) edition.cnn.com time to read: +3 min

CNN —The driver of the pickup truck involved in a Tuesday crash that killed eight people and left more than 40 injured in north-central Florida has been arrested and charged with eight counts of DUI manslaughter, according to a news release from the Florida Department of Highway Safety and Motor Vehicles. The 2010 International Bus carrying “approximately 53 farm workers” and a 2001 Ford Ranger sideswiped each other around 6:35 a.m., about 15 miles west of Ocala, the Florida Highway Patrol said in a statement. The Ford, “for unknown reasons, traveled toward the center line” before the vehicles struck each other, Lt. Patrick Riordan of the Florida Highway Patrol said at a news conference at the scene. The bus then left the roadway, went through a fence and overturned. There’s no reason for me to be involved with these individuals.

Persons: “, Patrick Riordan, James Lucas, ” Riordan, WESH, Riordan, Billy Woods, Woods, ” Woods, Alicia Bárcena, ”, Ana Melgar Zugina, Gregory Wallace Organizations: CNN, Florida Department of Highway Safety, Motor Vehicles, Ford, Patrol, Fire Rescue, Mexico’s, Twitter, Transportation Safety Board, US Department of Transportation’s Federal Motor Carrier Safety Administration, Sheriff’s Locations: Florida, Ocala, Marion, Marion County, Mexican, Orlando

☆ Stellantis to rapidly grow exports of Chinese EVs to Europe, other countries
▼ + stars: | 2024-05-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

That's due, in part, to new American tariffs on China-made EVs, Tavares said, citing among other reasons as well. The Biden administration on Tuesday announced stiff new tariff rates on billions' worth of Chinese imports, including quadrupling tariffs on imported Chinese electric vehicles, from 25% to 100%. The joint venture's expansion plans include at least six EVs by 2027, according to a presentation by Stellantis and Leapmotor. The announcement comes amid increasing geopolitical tensions surrounding China-made electric vehicles in the U.S., Europe and other regions. Many in and around the automotive industry fear the less-expensive, China-made vehicles will flood the markets, undercutting domestic-produced EVs.

Persons: Carlos Tavares, Zhu Jiangming, EVs, Tavares, Biden, " Tavares, Stellantis Organizations: Stellantis, Leapmotor, Europe —, Asia Pacific Locations: China, Europe, Europe — France, Italy, Germany, Netherlands, Spain, Portugal, Belgium, Greece, Romania, East, Africa, India, Asia, South America, U.S, Hangzhou

☆ The Battle for The Streets of New York
▼ + stars: | 2024-05-13 | by ( Dodai Stewart | ) www.nytimes.com time to read: +11 min

New York City streets and sidewalks have always been crowded, but it’s never been like this. But lately, New York City streets are teetering between lively and unlivable. Karsten Moran for The New York Times“I think this could be the catalyst for a streets renaissance in New York,” Janette Sadik-Khan, New York City’s former transportation commissioner, said in a recent interview. New York City’s population reached 8.8 million in 2020, and the New York region is now home to nearly 19 million people. Use this form to tell us what you think about the state of New York City’s streets.

Persons: it’s, Karsten Moran, ” Janette Sadik, “, ”, Susan Lee, William Notman, Jon Orcutt, you’re, —, Henry Hale Bliss, Bliss, James Nevius, George Rinhart, Damon Winter, Sadik, Yorkers who’ve, Ms, Khan Organizations: New, Lexington, Verizon, FedEx, The New York Times, Broadway, Getty, Yorkers, Brooklyn baseball, Midtown, Bike New, city’s Department of Transportation, Park West, Times, New York Times, Cycling Locations: New York City, New York, Manhattan, , New York, York, York’s, Midtown —, Bike New York, United States, Holland, Jackson, Queens, Bogotá, Stockholm, London, Paris, Europe, —

☆ GM’s self-driving car unit restarts testing on public roads
▼ + stars: | 2024-05-13 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

CNN —Cruise, General Motors’ autonomous driving technology subsidiary, will start taking its self-driving vehicles out on public roads again this week. The company had stopped testing last October following an incident in San Francisco in which a pedestrian was badly injured. Last October, a Cruise self-driving car, with no one inside, hit a pedestrian after the person had first been struck by another vehicle. After striking the pedestrian, the Cruise vehicle attempted to pull off to the side of the road to avoid causing an obstruction. About two days later, Cruise announced it was halting all operations nationwide while it investigated the incident and the company’s response to it.

Persons: CNN — Cruise, ”, Cruise, Quinn Emanuel Urquhart, Sullivan, ” Cruise, “ Organizations: CNN, Motors, Cruise, California Department of Motor Vehicles Locations: San Francisco, Phoenix , Arizona

☆ These are the kinds of San Francisco roads Tesla's FSD had a hard time dealing with, report says
▼ + stars: | 2024-05-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +7 min

It's unclear if other aspects of Sunset's grid trip up Tesla's FSD more than other San Francisco neighborhoods. A Tesla makes an unprotected left turn on Lincoln Way, a major road in San Francisco's Sunset District. Another street that was once notoriously difficult for Tesla's FSD to work in was Lombard Street, a steep and windy road northwest of San Francisco. When asked about using the FSD feature in the Sunset, she told BI that she had "no problems" with it. AdvertisementA Tesla parked in San Francisco's Sunset District, where company employees rigorously tested the car's Full Self-Driving technology, according to a report.

Persons: Tesla, —, Elon Musk's, Musk's, Lloyd Lee, FSD, Francisco's, Tayfun, John Bernal, Musk, Walter Huang Organizations: The, Service, X, Railway, San, Sunset District, Lincoln, BI, Anadolu Agency, Getty, Tesla, Washington Post, P Global Mobility, California Department of Motor Vehicles, Los Angeles Times Locations: Sunset, San Francisco, city's, Judah, San Francisco Municipal, Lincoln, Francisco, San, San Francisco San Francisco, Lombard

☆ Elon Musk is keeping investors' dreams of a Tesla robotaxi alive
▼ + stars: | 2024-04-24 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +7 min

This is the Tesla Musk is selling to Wall Street, and he's telling anyone with doubts to stay away. "If somebody doesn't believe Tesla's going to solve autonomy, I think they should not be an investor in the company," Musk said on the earnings call. In a shareholder deck that Tesla published before the call, the company featured a "preview of ride-hailing in the Tesla app." At an AI Day in August 2021, Musk said Tesla would build a humanoid robot, now known as Optimus. "No matter what, even if I got kidnapped by aliens tomorrow, Tesla will solve autonomy, maybe a little slower but it would solve autonomy for vehicles at least," Musk said.

Persons: Tesla's, Elon Musk, Musk, Tesla, FSD, haven't, bodysuit, Optimus, SeongJoon Cho, you've, He's, Alex Potter, Piper Sandler, there's Organizations: Revenue, Auto, NBC News, California Department of Motor Vehicles, Optimus, Tesla Inc, Seoul Mobility, Bloomberg, Getty Images Bloomberg, Getty, Tesla, Microsoft, SpaceX Locations: California, Nevada, China, Goyang, South Korea, Tesla

☆ A CIO details 4 reasons why the recent inflation spike is temporary — and says the Fed will still cut rates 3 times this year
▼ + stars: | 2024-04-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Raymond James' CIO also explained why he still sees the Fed cutting interest rates three times in 2024. But according to Raymond James chief investment officer Larry Adam, inflation is set to reverse lower and the Fed is going to cut interest rates at least three times this year. AdvertisementIf the economy slows, then so should inflation, and it should give the Fed more confidence to begin cutting interest rates. Real-time inflation metrics show a sharp declineWhile official government metrics show stubbornly high rent and used vehicle prices, real-time measures show considerably lower prices. The point is: there should be plenty of disinflation in the pipeline as CPI converges with some of these more real-time metrics," Adam said.

Persons: Raymond James, Larry Adam, Adam Organizations: Reserve, Fed, Labor, ISM Manufacturing, ISM

☆ Tesla slashes price of its premium driver assistance option by half in U.S.
▼ + stars: | 2024-04-12 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla said on Friday that it's cutting the subscription price of its premium driver assistance system for customers in the U.S. Marketed as its Full Self-Driving, or FSD, package, Tesla customers will now pay $99 per month, down from $199 previously. "The FSD price will continue to rise as the software gets closer to full self-driving capability with regulatory approval," Musk wrote on Twitter, now known as X, on May 18, 2020. Despite its brand name, the company's FSD option today doesn't make Tesla vehicles autonomous or functional as robotaxis. Tesla didn't respond to a request for more information, including whether the price cut announced Friday is permanent or temporary.

Persons: Tesla, Elon Musk, Musk, Uber, Bill Gates, Amazon's, FSD, didn't Organizations: Twitter, California Department of Motor Vehicles, Companies, Tesla Locations: U.S, China, Guangzhou, North America

☆ Robotaxi regulators say Tesla hasn’t contacted them about plans teased by Musk
▼ + stars: | 2024-04-11 | by ( David Ingram | ) www.cnbc.com time to read: +7 min

Musk hinted at his plans in a brief post late Friday afternoon on X, writing: "Tesla Robotaxi unveil on 8/8." Musk has talked about a robotaxi service for years. In 2019, he discussed plans to launch a robotaxi fleet using Tesla vehicles that people had leased and then returned. Musk has also talked about a robotaxi service with decentralized ownership, in which Tesla owners could rent out their cars for fares. Amazon subsidiary Zoox has said it has authorization from Nevada to operate a robotaxi service, which hasn't launched.

Persons: robotaxis, Tesla, Elon Musk, Brad Templeton, Templeton, Cruise, Musk, Zoox, hasn't, Eli Rohl Organizations: The California Department of Motor Vehicles, California Public Utilities Commission, NBC, DMV, Google, General Motors, Phoenix, Toyota, Car Dealers Association, Reuters, Cruise, Transportation Department, Nevada DMV, The, The Nevada DMV, California DMV Locations: California, San Francisco, Los Angeles, leaseholders, Arizona, Nevada, The Nevada

☆ Key Fed inflation gauge rose 2.8% annually in February, as expected
▼ + stars: | 2024-03-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

While the Fed looks at both measures when making policy, it considers core to be a better gauge of long-term inflation pressures. The Fed targets 2% annual inflation; core PCE inflation hasn't been below that level in three years. Inflation pressures came more from the goods side, which rose 0.5%, compared to the 0.3% increase for services. That countered the trend over the past year, during which services rose 3.8% while goods actually fell by 0.2%. Along with the inflation increase, consumer spending shot up 0.8% on the month, well ahead of the 0.5% estimate, possibly indicating additional inflation pressures.

Persons: Dow Jones, Victoria Greene Organizations: Federal Reserve, Commerce Department, Fed, G Squared, Wealth, CNBC, PCE, Federal, Market

☆ Logistics companies scramble after bridge collapse closes Port of Baltimore until further notice
▼ + stars: | 2024-03-26 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

The steel frame of the Francis Scott Key Bridge sits on top of the container ship Dali after the bridge collapsed, Baltimore, Maryland, on March 26, 2024. At the time of the collision, the vessel had two pilots from the Port of Baltimore on board. The steel frame of the Francis Scott Key Bridge lies in the water after it collapsed in Baltimore, Maryland, on March 26, 2024. "For cargo already on water, we will omit the port, and will discharge cargo set for Baltimore, in nearby ports. "The collapse of the Baltimore bridge primarily affects coal exports from CNX and CSX terminals," said Madeleine Overgaard, dry market data manager for the global trade data platform Kpler.

Persons: Francis Scott Key, Dali, Roberto Schmidt, Paul Brashier, Brashier, Goetz Alebrand, Wes Moore, Larry, Richard Meade, Meade, Kena Betancur, Andy Lipow, Lipow, Helen Delich Bentley, Judah Levine, Madeleine Overgaard, Levine, Tasos Katopodis Organizations: Afp, Getty Images Logistics, Port, Eastern Seaboard, ITS Logistics, Getty, Americas, DHL Global, Maryland Gov, Baltimore, AFP, Uber Freight, IKEA, Lipow Oil Associates, Maersk, Freightos, CSX, East, Francis Scott Key Bridge Locations: Baltimore , Maryland, Baltimore, New York, New Jersey, Norfolk, Port of Baltimore, Colombo, Sri Lanka, Port, American, Taicang Port, Suzhou, China's, Jiangsu, East Coast, Norfolk , Virginia, Maryland, Midwest, New England, Virginia, North East , Maryland, Gulf Coast, Philadelphia, Suez, CNX, Freightos, Asia, U.S

☆ Flying is getting scary. But is it still safe?
▼ + stars: | 2024-03-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

Another Boeing jet plunged so severely that passengers were thrown onto the ceiling of the cabin, leaving dozens so injured they need to be hospitalized upon landing. Carlos Avila Gonzalez/The San Francisco Chronicle/Getty Images/FileHowever, other forms of flying are not nearly as safe. “Taking the Max out of the equation, (flying has) been proven to be pretty darn safe,” he said. A year ago, the discussion about air safety wasn’t focused on Boeing planes. “The gold standard is melting down, because we continue to try to downplay everything and talk about how safe the system is.

Persons: Kardashian, ”, Anthony Brickhouse, “, it’s, Carlos Avila Gonzalez, Ed Pierson, Max, Pierson, ” Brickhouse, We’ve, That’s, Brickhouse Organizations: New, New York CNN, Alaska Airlines, Boeing, Japanese Coast Guard, Embry, Riddle Aeronautical University, Asiana Airlines, San Francisco International, San Francisco Chronicle, Railroads, Amtrak, Foundation for Aviation Safety, Max, Alaska Air, National Transportation Safety Board, FedEx, an Air Canada, San Francisco International Airport, NTSB, Air Canada, “ Pilots Locations: New York, Tokyo, Buffalo , New York, United States, San Francisco, Southwest, Alaska, “, Hawaii

That's the message from politicians who are closing in on the required number of votes needed to pass federal legislation that requires AM radios in every new car. The prevalence of AM broadcast radio has dipped in recent decades as more listeners turn to options such as satellite radio and podcasts during drivetime. “The emergency alert system works on the AM spectrum - that's where people get information about emergencies,” said independent Sen. Angus King of Maine. Photos You Should See View All 60 ImagesThe drive to save AM radio comes as some carmakers are phasing the format out. AM radio is also important for highway safety information and storm and weather updates, Collins said.

Persons: ”, Sen, Angus King of Maine, “, King, Republican Maine Sen, Susan Collins, Democratic Sen, Ed Markey, Collins, ” Collins Organizations: Republican Maine, Lawmakers, U.S . House, Representatives, Senate, U.S . Department of Transportation, Democratic, Massachusetts, National Association of Farm Broadcasters Locations: PORTLAND, Maine, America, U.S

Alphabet's Waymo robotaxi unit won approval from the California Public Utilities Commission to expand service to parts of Los Angeles and the Bay Area, according to a notice posted to the regulator's website on Friday. "Waymo may begin fared driverless passenger service operations in the specified areas of Los Angeles and the San Francisco Peninsula, effective today," the release said. In mid-February, Waymo initiated a voluntary recall filing notice with the National Highway Traffic Safety Administration, saying it would fix software issues. The latest notice applies to the commercial ride-sharing service Waymo One. WATCH: Crowd burns Waymo in San Francisco

Persons: Alphabet's, Waymo, Apple, Elon Musk's Tesla, Cruise robotaxis Organizations: California Public Utilities Commission, San, National, Traffic Safety Administration, California Department of Motor Vehicles, General Motors, Cruise, Palo Locations: Los Angeles, San Francisco Peninsula, Phoenix, California, Palo Alto, San Mateo County, San Francisco

☆ Apple cancels work on an electric car, reports say
▼ + stars: | 2024-02-28 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Apple has abandoned decade-long efforts to build a self-driving electric car, according to multiple media reports, calling time on a project that some saw as potentially transformative for the auto industry. The news comes as electric vehicle (EV) sales have disappointed, prompting several major manufacturers to pull back on investments. Apple had been hiring automotive executives since at least 2014 and, in April 2017, it received a permit from the California Department of Motor Vehicles to test self-driving vehicles. Two years later, it acquired Drive.ai, a self-driving car startup. In 2020, Morgan Stanley analysts said an Apple car had the potential to be “a transformative event” for the automobile and mobility industry in the coming decades, much as the iPhone disrupted the mobile phone industry.

Persons: London CNN —, Morgan Stanley Organizations: London CNN, London CNN — Apple, Bloomberg, CNN, Apple, California Department of Motor Vehicles, BMW

PORTLAND, Maine (AP) — The state of Maine's long-cherished reputation for political independence is being threatened by the nation's polarized politics, with more and more of its voters feeling pressured to take sides. So-called independents, or unenrolled voters, have gone from the state's largest voting bloc to trailing both major parties in just four years. Republicans, too, overtook unenrolled voters two years later. As of last month, a tally of active voters indicated there were 343,488 Democratic voters, 279,936 Republican voters and 273,298 unenrolled voters. The economist served in the Maine Senate as an independent, and remains active on political issues.

Persons: Nikki Haley, Trump, Haley, ”, Zach Azem, — “, Sen, Angus King, Arizona’s Kyrsten, Vermont's Bernie Sanders, Jill Goldthwait, unenrolled, “, —, Paul LePage, Donald Trump, Mark Brewer, Brewer, they'll, State Shenna Bellows, Richard Woodbury, “ I’m, ” Woodbury, David Sharp, @David_Sharp_AP Organizations: New, New Hampshire GOP, Democratic, AP VoteCast, GOP, University of New Hampshire Survey, Republicans, Democratic Party, Republican, University of Maine, Trump, Congressional, State, Bureau of Motor Vehicles, Maine Senate Locations: PORTLAND, Maine, New Hampshire, Bar, District, Yarmouth

☆ Chinese tech startups quietly stop testing driverless cars on Californian roads
▼ + stars: | 2024-02-14 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

Read previewChina’s leading ride-hailing firm has dropped out of a program that allows it to test self-driving vehicles on Californian public roads. Ride-hailing giant Didi has withdrawn from California’s autonomous vehicle testing program, according to the California Department of Motor Vehicles, as several rival Chinese firms also scaled back their self-driving operations in the state. Future Publishing/Getty imagesDidi is not the only Chinese company that appears to be scaling back autonomous vehicle testing in California, or pulling out entirely. That's a significant decline from the previous year, when Chinese autonomous vehicle companies conducted over 450,000 miles of testing. AdvertisementHe said that public backlash toward autonomous vehicles in cities like San Francisco had increased the risks of negative PR for companies testing the technology on public roads.

Persons: —, Didi, WeRide, AutoX —, That's, Sesame, Bob Latta, Cruise, that's, ” John Helveston, ” Helveston Organizations: Service, California Department of Motor Vehicles, Business, DMV, Baidu, Future Publishing, Pegasus Technology, NBC, Republican, Anadolu, Getty, George Washington University Locations: California, Shanghai, China, Jiaxing, San Francisco

A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Waymo has filed a voluntary recall notice with federal vehicle safety regulators for software that was previously used in their driverless cars, the company announced Tuesday, marking a first for Alphabet 's self-driving vehicle unit. The two collisions involving their robotaxis resulted in only minor vehicle damage and no injuries, Waymo said in the post. Waymo currently operates its driverless ride-hailing service Waymo One in Phoenix, San Francisco, Los Angeles and Austin. In a separate incident, unknown parties set a Waymo vehicle ablaze on Saturday in San Francisco's Chinatown during Lunar New Year celebrations.

Persons: Waymo, Katherine Barna, Barna, Jan, Cruise, Elon Musk, Tesla Organizations: National, Traffic Safety Administration, NHTSA, California Department of Motor Vehicles, GM, California DMV, Authorities, NBC Bay Area Locations: San Francisco , California, U.S, Phoenix, San Francisco , Los Angeles, Austin, San Francisco, California, San Francisco's Chinatown

Only 5.7% of the 1.3 million eligible voters cast ballots at the 39 voting stations around the city, the newspaper Le Monde said. Demur said heavier cars make congestion “even more complicated” and that ”one must consider the ecology, the parking issues." It’s about freedom.”The vote follows another City Hall consultation last year on whether to ban for-hire electric scooters. In a country of car-lovers, home to Renault, Citroen and Peugeot, Hidalgo has worked for years to make Paris less car-friendly. It’s become a central Paris haven for cyclists, runners, families and romantics since Hidalgo closed it to motor traffic in 2016.

Persons: Anne Hidalgo, Le, Hidalgo, “, Demur, Hall's, Leicester Organizations: PARIS, Socialist, Le Monde, Renault, Citroen, Peugeot, Paralympic Games Locations: Paris ’, Paris, It’s, Hidalgo, Le Pecq, France

BOSTON (AP) — More than two dozen commercial drivers have had their licenses downgraded in the wake of a scandal involving State Police troopers allegedly taking bribes in exchange for passing test scores, the Massachusetts Registry of Motor Vehicles announced Friday. The RMV said it identified 26 people who didn’t pass the test properly and changed them to Class D passenger licenses. The drivers, who were not named, will have to take and pass all the required permit and skills tests if they want to get commercial licenses. Calvin Butner, 63, of Halifax, and Perry Mendes, 63, of Wareham, both retired state troopers, were arrested in Florida on Monday. Cederquist is alleged to have conspired with Mathison, who worked for a spring water company that employed drivers needing commercial licenses, to give them passing scores; and with Camera, who worked for a truck driving school in Brockton, to help four state troopers get their commercial licenses.

Persons: Gary Cederquist, Joel Rogers, Calvin Butner, Perry Mendes, Eric Mathison, Scott Camara, Cederquist, Mathison Organizations: BOSTON, State Police, of Motor Vehicles Locations: Massachusetts, Stoughton, Bridgewater, Halifax, Wareham, Florida, Boston, Rehoboth, Brockton

☆ Cruise Says Hostility Toward Regulators Led to Grounding of Its Autonomous Cars
▼ + stars: | 2024-01-25 | by ( Tripp Mickle | Cade Metz | ) www.nytimes.com time to read: +1 min

Cruise, the driverless car subsidiary of General Motors, said in a report on Thursday that an adversarial approach taken by its top executives toward regulators had led to a cascade of events that ended with a nationwide suspension of Cruise’s fleet. The roughly 100-page report was compiled by a law firm that Cruise hired to investigate whether its executives had misled California regulators about an October crash in San Francisco in which a Cruise vehicle dragged a woman 20 feet. The investigation found that while the executives had not intentionally misled state officials, they had failed to explain key details about the incident. The report is central to Cruise’s efforts to regain the public’s trust and eventually restart its business. Cruise has been largely shut down since October, when the California Department of Motor Vehicles suspended its license to operate because its vehicles were unsafe.

Persons: Cruise, Quinn Emanuel Urquhart, Kyle Vogt Organizations: General Motors, California Department of Motor Vehicles Locations: California, San Francisco, Sullivan

☆ Texas man sues Macy’s and Sunglass Hut parent over wrongful arrest linked to facial recognition
▼ + stars: | 2024-01-23 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

CNN —A Texas man is suing Macy’s and the parent company of Sunglass Hut after the two companies allegedly relied on error-prone facial recognition technology to falsely accuse him of armed robbery. “They were misled by Sunglass Hut and Macy’s and the reason why Murphy was jailed is because of the actions of these companies. In 2020, the American Civil Liberties Union challenged Detroit’s police department over what the group described as the first known wrongful arrest involving facial recognition. Facial recognition concernsFor years, civil liberties and privacy experts have warned of the risks of overly casual facial recognition use or an overreliance on the technology, and the possibility that algorithmic bias could lead to misidentification, racial discrimination or other unintended consequences. The FTC has similarly moved to restrict Instagram-parent Meta from using facial recognition technology, which Meta has challenged in court.

Persons: CNN —, Macy’s, Harvey Murphy Jr, Murphy’s, Murphy, ”, Daniel Dutko, “, EssilorLuxottica didn’t, EssilorLuxottica, Dutko, ” Dutko, Sunglass, “ We’re, they’re, ‘ We’ve, Meta Organizations: CNN, The Washington Post, Houston police, Department of Motor Vehicles, Houston, American Civil Liberties Union, Office, Federal Trade Commission, Aid, FTC Locations: Texas, Sunglass, Harris County, Houston, Sacramento , California, Harris, EssilorLuxottica, Michigan, Detroit

☆ A lot of things are getting cheaper. Here's why you probably haven't noticed.
▼ + stars: | 2023-12-05 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

The price of durable goods is deflating, though many Americans may not feel the impact. AdvertisementEven though inflation is still higher than ideal, many things are actually getting cheaper. The prices of durable goods, meaning long-lasting items such as used cars or appliances, have fallen year-over-year for each of the last five months. That decreased demand has helped push down goods prices. AdvertisementTo be sure, most items Americans are purchasing on the daily are still inflating.

Persons: —, Morgan Stanley, durables, HENRYs Organizations: Service, Commerce Department, Street, Federal Reserve, Consumer, Sporting, Services

☆ Waymo is full speed ahead as safety incidents and regulators stymie competitor Cruise
▼ + stars: | 2023-12-05 | by ( Hayden Field | ) www.cnbc.com time to read: +6 min

Waymo, Alphabet 's self-driving car unit, is having a relatively good couple of months – at least, compared to one of its key rivals: GM 's Cruise. When Cruise began offering fully autonomous rides in San Francisco in the winter of 2022, Waymo followed in the fall. Now, after a barrage of safety concerns and incidents with Cruise self-driving cars in recent months, the landscape looks starkly different. I have worked with pretty high-scale systems before Waymo, at Google and Ericsson, and this is a pretty staggering scale. [Note: Waymo recently shared that Waymo riders took more than 700,000 trips in autonomous vehicles in 2023.]

Persons: Cruise, Waymo, Saswat Panigrahi, you've, –, … Organizations: Google, Cruise, California Department of Motor Vehicles, GM, CNBC, Ericsson, Phoenix Locations: Phoenix, San Francisco, Austin, Buffalo , New York, California, U.S

The potential penalty facing GM's Cruise service could be around $1.5 million, based on documents filed late last week by the California Public Utilities Commission. Three weeks after Cruise's Oct. 2 accident, the California Department of Motor Vehicles effectively shut down robotaxi service by suspending its license to operate in the state. “Cruise is committed to rebuilding trust with our regulators and will respond in a timely manner" to the Public Utilities Commission, the company said in a Monday statement. The San Francisco-based company has already hired an outside law firm to scrutinize its response to the Oct. 2 accident. The cover-up spanned 15 days, according to the PUC, exposing Cruise and GM to potential fines of $100,000 per day, or $1.5 million.

Persons: specter, Cruise, Kyle Vogt, “ Cruise, Panini, Cruise didn't Organizations: General Motors, California Public Utilities Commission, Public Utilities Commission, California Department of Motor Vehicles, Cruise, GM, PUC Locations: California, San Francisco

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